Thursday, March 12, 2015

Ericsson Cuts 2,200 Positions in Sweden, Mostly R&D

Ericsson confirmed plans to cut 2,200 positions in Sweden, mainly in R&D and Supply, as part of its on-going cost and efficiency program announced last November.

The program targets savings of approximately SEK 9 b. with full effect during 2017.

Ericsson said it strategy is to excel in core areas: Radio, Core and Transmission and Telecom Services; and to fund growth in the targeted areas: IP networks, Cloud, TV & Media, OSS & BSS and Industry & Society.